Snap Fitness
Description:
Snap Fitness is America's fastest-growing franchisor of compact, state-of-the-art, 24/7 fitness centers. A Snap Fitness franchise is easy to afford, easy to manage and easy to market.
Opportunities:
Single and multi-unit franchises available throughout the US and Canada, and internationally in many countries.
Business Type:
Franchise.
Minimum Investment:
$77,000.
Financing Assistance:
Yes, through a third party.
Training Provided:
Yes.
SBA-Approved:
Yes.
Snap Fitness Ranks in Top 20 of Inc. 500
August 18, 2009
Growth is a ‘snap’ for world’s fastest growing fitness franchise.
Snap Fitness has ‘muscled’ its way into the Top 20 of Inc. magazine’s annual ranking of the country’s 500 fastest-growing private companies.
The world’s fastest growing franchise featuring compact, state-of-the-art fitness centers, Snap Fitness is ranked No.16, based on revenue growth from 2005 to 2008. The company grew by more than 5,900 percent, with 2008 revenues of $31.7 million.
“We couldn’t be more excited about this incredible recognition,” said Peter Taunton, founder and CEO of Snap Fitness, noting that the company was the second-highest ranked concept in the health category. “We look forward to continued success and breaking into the Top 10 next year, as both investors and consumers continue to recognize the value we provide.”
Launched in 2003, Snap Fitness operates small fitness centers open 24 hours a day, seven days a week and is particularly geared toward people on the go with hectic lifestyles. The concept offers fast and convenient workout solutions in locations close to home and offers the same quality workout equipment as traditional “big box” health clubs, only at a more affordable rate and with no contracts.
“Our more than 400,000 satisfied members, combined with our triple-digit revenue growth, proves we're honed in to what consumers want and expect from their fitness program,” Taunton added.
Today, Snap Fitness has nearly 2,000 locations open or under development worldwide and consistently opens 300-400 new clubs each year. Company plans call for a total of 2,500-3,000 centers within the next five years. In addition to being in nearly every state, Snap Fitness also operates clubs in Canada, India and Mexico, and more are planned for Australia and New Zealand.
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